LHX L3Harris (LHX) Q1 FY25 earnings call
L3Harris delivered a strong first quarter, marked by continued margin expansion and robust shareholder returns, despite flat organic revenue growth and the divestiture of its Commercial Aviation Solutions business. The company reaffirmed its ambitious 2026 financial framework, citing confidence from new contract wins and strategic partnerships. Management emphasized its 'Trusted Disruptor' strategy, advocating for commercial-like business practices within the DoD and aligning its portfolio with national security priorities, particularly in space and missile defense.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
LHX operating KPIs by quarter
| KPI | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| Book-to-bill ratio | 1.5 ratioWe posted our highest organic growth in 6 quarters and achieved a record book-to-bill of 1.5, clear evidence of the momentum behind our strategy and the alignment of our portfolio with the future of warfare.Source: earnings call transcript | 1.2 ratioThis quarter, we delivered double-digit organic growth, 15.9% margins, and a book-to-bill of 1.2, proof that our strategy is working.Source: earnings call transcript | 1.4 ratioWe achieved a 1.4x book-to-bill, with awards in missionized aircraft, solid rocket motors and software-defined communication products.Source: earnings call transcript | 1.2 ratioOrders were $7.3 billion, yielding a book-to-bill of 1.2x.Source: earnings call transcript | -14.3% |
| Orders | — | $6.6BWe had $6.6 billion in orders this quarter, resulting in a book-to-bill of 1.2.Source: earnings call transcript | — | $7.3BOrders were $7.3 billion, yielding a book-to-bill of 1.2x.Source: earnings call transcript | — |
| Backlog | — | — | $40B+Our backlog has almost doubled to over $40 billion, and that does not yet include the $25 billion of orders for the Munitions Acceleration Council programs, which are currently in negotiations.Source: earnings call transcript | $42BBacklog increased by more than $1 billion to $42 billion, positioning us well for sustained growth.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.